In Griggsville, IL (zip code 62340), the median value of a house is $86,600. This is significantly lower than the US median home value of $338,100. However, the 1 year house appreciation rate in Griggsville is 7.86%, which is only slightly below the US average of 8.27%. This suggests that although housing values are lower here than in other parts of the country, there has been an increase in market prices over the past year. Therefore, it may be a good time to invest in real estate in this area for those looking for more affordable housing options or to take advantage of increasing market rates.
The median home cost in Griggsville (zip 62340) is $86,600. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Griggsville (zip 62340) is up 14.9%.
Average Age of Homes
- The median age of Griggsville (zip 62340) real estate is 64 years old
The Rental Market in Griggsville (zip 62340)
- Renters make up 15.7% of the Griggsville (zip 62340) population
- 4.4% of houses and apartments in Griggsville (zip 62340), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.